Streetbeat News

Revenues

GAMB

Gambling.com Group has revised its FY24 revenue forecast downwards from $129M-$133M to $118M-$122M, citing changes in Google's treatment of commercial content on high authority websites. This adjustment impacts the effectiveness of the company's media partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:48 am

ARQ

Arq, Inc. (NASDAQ:ARQ) announced a $15 million Private Investment in Public Equity (PIPE) transaction at $7.00 per share, resulting in the issuance of 2,142,858 new common equity shares and a 5.7% ownership stake for the new investor.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:48 am

WMT

Walmart Inc (NYSE:WMT) reported strong Q1 2025 earnings, beating revenue and EPS expectations. The company saw significant growth in revenue, operating income, and eCommerce sales, and raised its outlook for the fiscal year.

Portfolio Pulse from Vandana Singh

May 16, 2024 | 11:45 am

MRX

Marex Group reported fiscal 2023 revenue of $1.245 billion, up from $711 million year-over-year. Adjusted operating profit increased to $230 million from $122 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:39 am

UA

UAA

Under Armour has revised its FY25 adjusted EPS forecast to $0.18-$0.25, significantly below the estimated $0.59. The company also expects a low-double-digit percentage decline in revenue, including a 15-17% drop in North America.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:33 am

JFBR

Jeffs' Brands' subsidiary, Fort Products, reported a 55% increase in revenues to $2.125 million in Q1 from its sales on the Amazon Marketplace.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:31 am

DOW

Dow (NYSE:DOW) has announced the start-up of its propylene glycol capacity expansion at its facility in Thailand, increasing capacity by 80,000 tons per year to a total of 250,000 tons per year. This makes the facility the largest in Asia Pacific.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:28 am

EBIZ

JD

PGJ

JD.com reported strong Q1 2024 earnings, with revenue and EPS beating analyst estimates. Revenue grew by 7% YoY to $36.02 billion, and adjusted net income per ADS was $0.78. The stock price gained after the results. JD's net product and service revenues increased, while marketing expenses rose due to promotional activities. Operating and adjusted EBITDA margins improved. CEO Sandy Xu credited the focus on user experience for the growth in active users and engagement. JD.com stock has lost over 11% in the last 12 months. Investors can gain exposure via Invesco Golden Dragon China ETF and Global X E-Commerce ETF.

Portfolio Pulse from Anusuya Lahiri

May 16, 2024 | 11:28 am

DOW

Dow (NYSE:DOW) has completed the mechanical setup of its new VORATRON™ Polyurethanes Systems adhesive and gap filler production line in Ahlen, Germany. This expansion will increase the production capacity tenfold to meet the growing demand in the e-mobility segment, particularly for electric vehicle battery assembly solutions.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:25 am

SDRL

Seadrill has agreed to sell three jack-up rigs and its 50% equity interest in a joint venture operating these rigs offshore Qatar to Gulf Drilling International for $338 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:25 am